# Insurmatics > IoT\-as\-a\-service platform for property insurers to assess risk and manage claims using sensor data ## At a glance | Field | Value | | --- | --- | | Category | Data & Analytics | | Type | Solutions Provider | | Region | NA | | Headquarters | Brampton, Ontario, Canada | | Stage | Growth | | Employees | 1-10 | | Funding | Seed | ## Overview Insurmatics is an IoT-as-a-service platform for property and casualty carriers, providing real-time sensor data ingestion, digital twin analytics, and AI-driven risk assessment tools. The platform connects smart building sensors and building management systems (BMS) to insurance workflows, enabling carriers to monitor properties continuously and act on predictive signals before losses occur. The platform delivers six capability modules: IoT connectivity, digital twin visualization, AI risk assessment, ESG reporting, a low-code application builder, and a smart device marketplace. The AI layer uses large language models to detect anomalies -- pipe pressure drops, temperature spikes, electrical irregularities -- and produce actionable alerts for underwriting and claims teams. Integrations with Guidewire, Duck Creek, and Salesforce allow data to flow into existing carrier systems of record without replacing them. As of early 2026, the platform manages approximately 15,847 connected sensors at 99.7% data accuracy. In 2024, Insurmatics was featured as one of five innovative global startups in the StartUs Insights Insurance Industry Report. The company is seed-funded with ALTS Capital as an investment partner. ## Products & services ### IoT Connectivity Platform Real-time ingestion of sensor data from smart buildings and BMS systems. Supports MQTT, Modbus, and BACnet protocols, allowing insurers to use existing infrastructure without replacement. Currently processing data from over 15,000 connected sensors. **Key features:** - Protocol\-agnostic connectivity \(MQTT, Modbus, BACnet\) - Integration with existing BMS without hardware replacement - 99\.7% accuracy in data collection *Target users:* P&C carriers managing commercial or residential property portfolios ### Digital Twin Analytics 3D building models overlaid with live IoT data, enabling spatial correlation of risk events across floors and zones. Provides insurers with visual, interactive representations of property environments. **Key features:** - 3D visualization with live sensor data overlay - Spatial correlation of risk events across building zones - 99\.7% accuracy in risk detection and event correlation *Target users:* Underwriters and claims adjusters handling commercial real estate ### AI Risk Assessment LLM-powered predictive analysis that learns baseline operational patterns and flags anomalies in real time. Covers underwriting, claims management, fraud detection, and customer service workflows. **Key features:** - Real\-time anomaly detection \(temperature, pressure, electrical\) - Predictive equipment failure alerts - 34% faster claims processing vs\. traditional workflows *Target users:* Underwriting and claims teams at P&C carriers ### ESG Reporting Agent Automated sustainability KPI tracking that aggregates IoT, energy, and maintenance data into CSRD-ready reports. Reduces reporting time from approximately two weeks to two hours. **Key features:** - CSRD, LEED, and Excel export formats - AI\-generated commentary on sustainability data - 99% data traceability for auditors *Target users:* Carriers and insureds with ESG reporting obligations under CSRD ### Low\-Code Development Platform Application builder for insurance developers to create custom portals and workflows with minimal hand-coding. Includes pre-built UI components for policy management, claims processing, and customer-facing portals. **Key features:** - Drag\-and\-drop UI component library - Customizable policy and claims workflow modules - Policyholder self\-service portal capability *Target users:* Insurance IT teams and developers at carriers of all sizes ### Smart Device Marketplace Curated marketplace connecting carriers with smart home and commercial device vendors, bundling device data with policyholder incentives. **Key features:** - Device vendor partnerships for data sharing - Consumer discounts and incentives - Risk pricing optimization from device data feeds *Target users:* Personal lines and small commercial carriers ## Category & focus - Subcategories: IoT Risk Intelligence, Predictive Analytics, ESG Reporting, Low\-Code Insurance Platform - Insurance verticals: P&C Commercial, P&C Personal, Specialty/E&S - Target customers: Carriers ## Notable customers - Microsoft \(cloud and AI infrastructure\) - Guidewire \(integration\) - Duck Creek \(integration\) - Salesforce \(integration\) - IoTeedom \(IoT device partner\) ## Links - Website: - Directory profile: - Blog: - Linkedin: - Demo/contact: --- *Last updated: 2026\-05\-17*